ECONOMY & MARKETS

Monte dei Paschi di Siena (MPS)'s seventh capital raising in 14 years was always going to be a hard sell, now Italy's political crisis risks turning it into a mission impossible.

Monte dei Paschi di Siena (MPS)'s seventh capital raising in 14 years was always going to be a hard sell, now Italy's political crisis risks turning it into a mission impossible.

Companies reporting earnings in coming weeks are likely to mention one common factor gouging their results: the strong dollar.

Mexican consumer prices rose higher than expected in early July, official data showed on Friday, boosting expectations of further interest rate hikes as the central bank struggles to tame stubbornly high inflation.

Smaller stock exchanges in the European Union should be exempt from having to supply market prices to a real-time record of transactions for investors, a senior EU lawmaker has proposed.

When the blaze tore through a forest in Greece last August, swallowing up pine trees and scorching the earth, Stathis Albanis knew his beekeeping trade would suffer.

Nepal's central bank on Friday raised its benchmark policy rate at which it lends to commercial banks to 8.5% from 7%, as part of efforts to tame inflation which is running at a six-year high, and warned about pressure on declining forex reserves.

The S&P 500 and the Nasdaq fell on Friday as social media and ad tech firms led declines after dismal quarterly revenue from Twitter and Snap, while an upbeat forecast from American Express kept the Dow afloat.

The S&P 500 and the Nasdaq headed for a lower open on Friday as social media and ad tech firms led declines after dismal quarterly revenues from Twitter and Snap, while an upbeat forecast from American Express looked set to boost the Dow.

U.S. stocks ended lower on Friday as disappointing earnings from Snap spooked investors and shares in social media and ad tech firms dropped, offsetting gains from card issuer American Express following an upbeat forecast.

U.S. stocks ended lower on Friday as shares in social media and ad tech firms lost ground in the wake of earnings from Snap, offsetting gains from card issuer American Express following an upbeat forecast.

U.S. stock indexes fell on Friday after dismal quarterly revenue from Twitter and Snap triggered declines in social media and ad tech firms, countering gains in American Express following an upbeat forecast.

Brazilian fixed-income markets are pricing in the highest risk levels in years, raising red flags among investors and government officials who see little relief in sight.

Morgan Stanley has expanded its presence in the growing listed foreign exchange derivatives space, announcing it is offering clients the option to trade listed FX through the Eurex platform.

Canadian home prices are dropping fast after surging during the coronavirus pandemic, but that is offering little relief for consumers who face sky-rocketing rents and fading buying power as interest rates rise.

Free-spending tourists in Europe are expected to drive brisk second quarter sales at French luxury groups LVMH, Gucci-owner Kering and Hermes, helping to offset the impact of disruptions in China from COVID-19 restrictions.

Britain's businesses grew at their slowest pace in 17 months in July and inflation pressures eased, according to an industry survey that might reduce pressure on the Bank of England to deliver a bigger-than-usual interest rate hike next month.

Central banks around the world are starting to sing from the U.S.

Central banks around the world are starting to sing from the U.S.

Europe's banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a decade, are set to show their weak spots when they update investors on how their business has fared this year.

Global stocks edged up on Friday to eye a sixth day of gains, while weak euro zone business activity data hit the euro and weighed on the bloc's debt.

Global stocks were marginally higher on Friday, eyeing a sixth day of gains as European markets rose, while weak euro zone business activity data hit the euro and weighed on the bloc's debt.

The global economy looks increasingly likely to be heading into a serious slowdown, just as the highest inflation in a generation prompts central banks to aggressively reverse the ultra-loose monetary policy adopted during the pandemic to support growth, data showed on Friday.

Worries over a global slowdown are casting a shadow over Asia's recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure on policymakers to support their economies while tightening monetary policy to combat inflation.

The euro continued its retreat from a more-than-two-week high as disappointing activity data from France and Germany pushed the single currency lower, a day after the European Central Bank highlighted the path for interest rates would be data dependent.

The euro continued its retreat on Friday from a more-than-two-week high as disappointing activity data from France and Germany pushed the single currency lower, a day after the European Central Bank raised interest rates for the first time since 2011.

The dollar rebounded strongly on Friday, but remained on track for its biggest weekly loss since late May after weak U.S.

The euro headed for its best week since May on Friday after the European Central Bank (ECB) raised borrowing costs more than expected overnight in its first rate hike since 2011.

South Korea's economic growth probably slowed a bit in the second quarter as falling exports and soaring import costs hurt private consumption that makes up about half of the economy, a Reuters poll found.